Kandy Hotels (Sri Lanka) Market Value
| KHCN0000 | LKR 13.20 0.10 0.76% |
| Symbol | Kandy |
Please note, there is a significant difference between Kandy Hotels' value and its price as these two are different measures arrived at by different means. Investors typically determine if Kandy Hotels is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Kandy Hotels' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Kandy Hotels 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Kandy Hotels' stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Kandy Hotels.
| 11/15/2024 |
| 12/15/2024 |
If you would invest 0.00 in Kandy Hotels on November 15, 2024 and sell it all today you would earn a total of 0.00 from holding Kandy Hotels or generate 0.0% return on investment in Kandy Hotels over 30 days. More
Kandy Hotels Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Kandy Hotels' stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Kandy Hotels upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.32 | |||
| Information Ratio | 0.2726 | |||
| Maximum Drawdown | 21.19 | |||
| Value At Risk | (2.44) | |||
| Potential Upside | 5.56 |
Kandy Hotels Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Kandy Hotels' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Kandy Hotels' standard deviation. In reality, there are many statistical measures that can use Kandy Hotels historical prices to predict the future Kandy Hotels' volatility.| Risk Adjusted Performance | 0.227 | |||
| Jensen Alpha | 1.02 | |||
| Total Risk Alpha | 0.592 | |||
| Sortino Ratio | 0.3983 | |||
| Treynor Ratio | (14.65) |
Kandy Hotels Backtested Returns
Kandy Hotels is not too volatile given 3 months investment horizon. Kandy Hotels has Sharpe Ratio of 0.3, which conveys that the firm had a 0.3% return per unit of risk over the last 3 months. We were able to interpolate twenty-nine different technical indicators, which can help you to evaluate if expected returns of 1.02% are justified by taking the suggested risk. Use Kandy Hotels Mean Deviation of 2.24, downside deviation of 2.32, and Risk Adjusted Performance of 0.227 to evaluate company specific risk that cannot be diversified away. Kandy Hotels holds a performance score of 23 on a scale of zero to a hundred. The company secures a Beta (Market Risk) of -0.0691, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Kandy Hotels are expected to decrease at a much lower rate. During the bear market, Kandy Hotels is likely to outperform the market. Use Kandy Hotels sortino ratio, maximum drawdown, and the relationship between the total risk alpha and treynor ratio , to analyze future returns on Kandy Hotels.
Auto-correlation | 0.29 |
Poor predictability
Kandy Hotels has poor predictability. Overlapping area represents the amount of predictability between Kandy Hotels time series from 15th of November 2024 to 30th of November 2024 and 30th of November 2024 to 15th of December 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Kandy Hotels price movement. The serial correlation of 0.29 indicates that nearly 29.0% of current Kandy Hotels price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.29 | |
| Spearman Rank Test | 0.3 | |
| Residual Average | 0.0 | |
| Price Variance | 0.42 |
Kandy Hotels lagged returns against current returns
Autocorrelation, which is Kandy Hotels stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Kandy Hotels' stock expected returns. We can calculate the autocorrelation of Kandy Hotels returns to help us make a trade decision. For example, suppose you find that Kandy Hotels has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Kandy Hotels regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Kandy Hotels stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Kandy Hotels stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Kandy Hotels stock over time.
Current vs Lagged Prices |
| Timeline |
Kandy Hotels Lagged Returns
When evaluating Kandy Hotels' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Kandy Hotels stock have on its future price. Kandy Hotels autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Kandy Hotels autocorrelation shows the relationship between Kandy Hotels stock current value and its past values and can show if there is a momentum factor associated with investing in Kandy Hotels.
Regressed Prices |
| Timeline |
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Kandy Hotels financial ratios help investors to determine whether Kandy Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Kandy with respect to the benefits of owning Kandy Hotels security.